What’s the target for crude oil?
Trading chop is very different than trading a trend and the targets I use are a little different that most channel trades.
Archives: Daily Videos
Pitbull Lows and the CPI
The week’s range and momentum has a big catalyst ahead in the CPI and potential for the markets to seek out the pitbull low.
Picking Up Shares in SONO and Trading the Report
I started picking up shares of SONO last week, as it fit my investing strategy perfectly, but this week comes even more opportunity to trade it and potentially add more shares upon the report. Let’s talk about where I see the investment + trading opportunity in this ticker.
They Say, Don’t Short a Quiet Market…
The market has been holding up at highs, with a FAANGover nowhere to be seen (yet), and indexes and key stocks are squeezing across time frames. Key FAANG stocks like AAPL and MSFT are both setting up nicely, in addition to more aggressive stocks like CRWD, PTON, CHWY, CAT, ZTS, and HON. Additionally, many key IPOs are reporting this week, including UPST, U, NIO, BLNK, and more.
How do we setup a futures trade with ETFs?
I get this question a lot as a futures trader; some traders do not want to trade the futures contract overnight, so how do we “choose your own adventure” into these setups? Using micros. Using minis, yes, ETFs and their options. Full size crude oil futures are the setup symbol, and in this case, USO calls are our “choose your own adventure” into the trade.
Currencies and Energies
With the US dollar strength and uptrend and energies staging a comeback, there is a lot to like in these two groups and here are the setups.
Rotation Time?
Bonds gave a big signal this week and that may change how money flows into the market going into next week. Let’s review the signal and what it may mean for stocks.
World Tour
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Gold… here’s the plan
After today’s Non Farm Payroll sent gold lower, the question is: Is it still a buy? The answer is yes and here’s the setup.